Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report)'s stock price was down 3.6% on Friday . The company traded as low as $1.57 and last traded at $1.60. Approximately 10,557,212 shares traded hands during trading, a decline of 33% from the average daily volume of 15,851,936 shares. The stock had previously closed at $1.66.
Faraday Future Intelligent Electric Price Performance
The firm's fifty day simple moving average is $1.64 and its 200-day simple moving average is $2.48. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.20.
Institutional Trading of Faraday Future Intelligent Electric
A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of Faraday Future Intelligent Electric by 248.6% in the 4th quarter. Geode Capital Management LLC now owns 439,595 shares of the company's stock valued at $1,068,000 after purchasing an additional 313,494 shares during the period. Northern Trust Corp lifted its stake in Faraday Future Intelligent Electric by 775.3% in the fourth quarter. Northern Trust Corp now owns 108,318 shares of the company's stock valued at $263,000 after buying an additional 95,943 shares during the period. Millennium Management LLC acquired a new position in Faraday Future Intelligent Electric in the fourth quarter valued at approximately $162,000. Victory Capital Management Inc. boosted its holdings in shares of Faraday Future Intelligent Electric by 10.6% during the 3rd quarter. Victory Capital Management Inc. now owns 62,638 shares of the company's stock worth $180,000 after buying an additional 5,983 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Faraday Future Intelligent Electric during the 4th quarter worth approximately $146,000. 71.74% of the stock is currently owned by institutional investors and hedge funds.
Faraday Future Intelligent Electric Company Profile
(
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Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States. The company was incorporated in 2014 and is headquartered in Los Angeles, California.
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